Skip to main content

Multifamily

Costa Vista Apartments

16301 Gulf Blvd, Redington Beach, FL 33708

Listing Price: $3,400,000

Cap Rate
3.14%
Number of Units
10
Price/Unit
$340,000
Price/Gross SF
$404.57
Gross SF
8,404

Investment Overview

100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)

Investment Highlights

  • 100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
  • Irreplaceable location on Gulf Boulevard, directly across street from Gulf of Mexico and public access boardwalk to expansive, nationally-recognized white-sand beaches
  • Situated directly between Clearwater Beach and St. Pete Beach in Pinellas County, Florida's most densely populated county
  • Nine Apartments, including full-floor penthouse with Gulf of Mexico and Intracoastal Waterway views, and one commercial unit fronting Gulf Boulevard
  • Office unit is one of only two commercial properties in Redington Beach and has option to be converted to residential use
  • Price per square foot is 64% of recent individual sale comps
  • Airbnb/daily rental permitted
  • Proven unit interior renovations may realize a 47% increase in Effective Gross Income by end of Year 2

Exclusively Listed By

Financing By

Multifamily

Costa Vista Apartments

Listing Price: $3,400,000

Cap Rate
3.14%
Number of Units
10
Price/Unit
$340,000
Price/Gross SF
$404.57
Gross SF
8,404

Investment Highlights

  • 100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)
  • Irreplaceable location on Gulf Boulevard, directly across street from Gulf of Mexico and public access boardwalk to expansive, nationally-recognized white-sand beaches
  • Situated directly between Clearwater Beach and St. Pete Beach in Pinellas County, Florida's most densely populated county
  • Nine Apartments, including full-floor penthouse with Gulf of Mexico and Intracoastal Waterway views, and one commercial unit fronting Gulf Boulevard
  • Office unit is one of only two commercial properties in Redington Beach and has option to be converted to residential use
  • Price per square foot is 64% of recent individual sale comps
  • Airbnb/daily rental permitted
  • Proven unit interior renovations may realize a 47% increase in Effective Gross Income by end of Year 2

Investment Overview

100% ownership of ten-unit individually-parceled community located in Redington Beach, Florida (Tampa Bay MSA)

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower